NTL - New Talisman Mine - New board & Directors

[Ace]

It's going to take $$$ to scale up the pilot plant, get the resource consent, and build the processing plant. Not sure it'll be a low expenditure year. Though I guess mgmt could just delay those decisions again and again to save money...

Didn’t they ask for 1.5m, and get over subscribed and received quite a lot more from the raising? So shouldn’t they have achieved their goals for the 1.5M they initially asked for? As outlined in the offer document... AND be doing more with the additional capital?

[haewai]

Raised $3.7m. No point asking me those questions. Try figuring out the cap raising goals and progress to date from the announcements. Plenty of room for different interpretations there.

[Ltw]

NTL had $3m cash on hand at end of previous quarter (31/12/2019). In that quarter it spent just shy of $.5m. There was no income during that quarter, as is common with NTL.
If the expenditure remains low (by historical standards - spent $3.5m in previous FY) and/or income materialises - they may be able to get through 2020 without another capital raise.

However, if not, 2020 is not shaping up to be a good year for a company to be asking for a(nother) capital raise.

On the flip side, this would be an outstanding time for NTL to be selling mined gold.

Bang on there mate.
Big sell off at .006 but bounced straight back to .007
Not many stocks holding steady at present ay Blue😉

[youngatheart]

Just a whiff of actual gold out of the mine would send the SP flying...

[Bluemanarc]

Bang on there mate.
Big sell off at .006 but bounced straight back to .007
Not many stocks holding steady at present ay Blue

Yep as I said it, every one has been ridiculously slow on picking up the economic affect CV19 would have, I was a supply chain specialist and a b.com graduate who watch's economic reports in regard to property, on a weekly basis.
It was staring me in the face that this stock market crash was going to happen, but I held on to NTL as I knew Gold would be king.

If the virus is just bad, then NZ property will also take a short confidence tumble, as we enter a mild recession and people get laid off.

But if its really bad and gets into Africa and India where you just cant control it.
Then NZ becomes the only other safe haven besides maybe Iceland, where we are an island in the middle of the ocean, at the bottom of the world, we are the only first world city (Auckland) that is safe and CV can be controlled, we have an open health system unlike the US so they are stuffed.

As I have always predicted, we have water (well usually) and food, NZ property will boom...………

Oh sorry, I got carried away.
Yep NTL will take a short hammer like all the other stocks on the exchange, but when the panic is over, stage 1 is complete, and the money will flow into the safe haven stocks that have been identified, ie. this one.

Gold and Funeral Homes

Any whiff of gold conversion is icing on the cake really

[Ltw]

IF CV continues to smash the stock market for the next 3-6months I'll be happy.
IMO - NTL will continue to hold steady then we'll likely have a sell down in June - July with bonus shares issued (I will be ready)
From there all they need to do is, be very close to producing or have started producing (both likely situations) a bit of Gold and boom your on a Bow Wave riding the market up....

[Bluemanarc]

New Zealand could become a "lifeboat to save humanity from extinction"
https://www.stuff.co.nz/national/health/coronavirus/120234749/travel-ban-two-weeks-ago-i-would-have-laughed-at-you

[youngatheart]

Looks like the unhappy shareholders are revolting, lol. An NTL Shareholder Survey has been launched here....
https://docs.google.com/forms/d/e/1F...cLCig/viewform

[Bluemanarc]

I signed up.
Not revolting, just don't see what Mathew Hill is on 400k each year for a mine that is not producing any income.
It should be 100k till the mine starts producing gold.

[youngatheart]

To put it in perspective, the CEO of Air NZ is on $1.4 million - after he took a $250k cut.
That just over 3 x Matts salary for running Air NZ! You can't tell me that thats fair...